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Allegiant Travel Co  (ALGT)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 
Price: $67.5000 $-0.11 -0.163%
Day's High: $68.16 Week Perf: -3.75 %
Day's Low: $ 66.26 30 Day Perf: -17.84 %
Volume (M): 188 52 Wk High: $ 130.93
Volume (M$): $ 12,656 52 Wk Avg: $89.26
Open: $67.33 52 Wk Low: $54.87



 Market Capitalization (Millions $) 1,194
 Shares Outstanding (Millions) 18
 Employees 2,411
 Revenues (TTM) (Millions $) 2,505
 Net Income (TTM) (Millions $) 151
 Cash Flow (TTM) (Millions $) -249
 Capital Exp. (TTM) (Millions $) 512

Allegiant Travel Co

We are a leisure travel company focused on providing travel services and products to residents of under-served cities in the United States. We were founded in 1997 and, in conjunction with our initial public offering in 2006, we incorporated in the state of Nevada. Our unique business model provides diversified revenue streams from various travel service and product offerings which distinguish us from other travel companies. We operate a low-cost passenger airline marketed to leisure travelers in under-served cities, allowing us to sell air transportation both on a stand-alone basis and bundled with the sale of air-related and third party services and products. In addition, we provide air transportation under fixed fee flying arrangements. Our developed route network, pricing philosophy, advertising, and product offerings built around sending customers to premier leisure destinations, are all intended to appeal to leisure travelers and make it attractive for them to purchase travel services and products from us.

Scheduled service air transportation. We provide scheduled air transportation on limited-frequency nonstop flights predominantly between under-served cities and popular leisure destinations. As of February 2, 2015, our operating fleet consisted of 53 MD-80 aircraft, 11 A320 series aircraft, and six Boeing 757-200 aircraft providing service on 229 routes to 94 cities. Based on recent announcements, we expect service will expand to 271 routes and 105 cities by August 2015.

Air-related ancillary products and services. We provide unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. These optional air-related services and products include baggage fees, advance seat assignments, our own travel protection product, change fees, use of our call center for purchases, priority boarding, food and beverage purchases on board, and other air-related services.

Third party ancillary products and services. We offer third party travel products such as hotel rooms, ground transportation (rental cars and hotel shuttle products) and attractions (show tickets) for sale to our passengers.

Fixed fee contract air transportation. We provide air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis.

Other revenue. Consists principally of lease payments on aircraft or engines that we own and are being leased to third parties. We may choose to temporarily act as a lessor when we have opportunistically acquired aircraft or engines while on lease to a third party. Upon the expiry of the lease, we would expect to operate the assets ourselves.

Our principal executive offices are located at 1201 N. Town Center Drive, Las Vegas, Nevada 89144. Our telephone number is (702) 851-7300. Our website address is http://www.allegiantair.com. We have not incorporated by reference into this annual report the information on our website and investors should not consider it to be a part of this document.

We have developed a unique business model that focuses on leisure travelers in small and medium sized cities. The business model has evolved as our experienced management team has looked differently at the traditional way business has been conducted in the airline and travel industries. Our focus on the leisure customer allows us to eliminate the costly complexities burdening others in our industry in their goal to be all things to all customers, particularly most other airlines which target the business customer.

We have established a route network with a national footprint, providing service on 229 routes between 81 under-served cities and 13 leisure destinations, and serving 40 states as of February 2, 2015. In most of these cities, we provide service to more than one of our leisure destinations. We currently provide service to the popular leisure destinations of Las Vegas, Nevada; Orlando, Florida; Phoenix, Arizona; Tampa/St. Petersburg, Florida; Los Angeles, California; Ft. Lauderdale, Florida; Punta Gorda, Florida; the San Francisco Bay Area, California; Honolulu, Hawaii; Palm Springs, California; and West Palm Beach, Florida. We provide service on a seasonal basis to San Diego, California, and Myrtle Beach, South Carolina, and have recently commenced service to New Orleans, Louisiana and Jacksonville, Florida in February 2015.

The geographic diversity of our route network protects us from regional variations in the economy and helps to insulate us from competitive actions, as it would be difficult for a competitor to materially impact our business by targeting one city or region. Our widespread route network also contributes to the continued growth of our customer base.

 



   Company Address: 1201 North Town Center Drive Las Vegas, 89144 NV
   Company Phone Number: 851-7300   Stock Exchange / Ticker: NASDAQ ALGT
   


Customers Net Income fell by ALGT's Customers Net Profit Margin fell to

-22.89 %

7.07 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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DAL        1.59% 
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Products & Services

Allegiant Air Takes Inflight Experience to New Heights with Spring Menu Updates, But Faces Revenue Challenges

Published Thu, Mar 14 2024 8:00 AM UTC

Allegiant Air Elevates Inflight Experience with Spring Menu UpdatesAllegiant Travel Company (NASDAQ: ALGT) has recently announced exciting updates to its inflight menu, inviting passengers to indulge in a range of familiar favorites and brand new offerings. This strategic move by Allegiant aims to enhance the onboard experience and cater to the evolving preferences of their ...

Products & Services

Allegiant Partners with Berry Aviation to Strengthen Pilot Recruitment Pipeline and Boost Stock Performance

Published Tue, Feb 20 2024 2:42 PM UTC

LAS VEGAS, Feb. 20, 2024 - Allegiant Travel Company (NASDAQ: ALGT) announced today the launch of its Allegiant Incentive program in collaboration with Berry Aviation, a private aviation company offering a range of services. This strategic partnership aims to enhance the airline's pilot recruitment pipeline and support its growth plans. In recent years, Allegiant Travel Co ha...

Products & Services

Allegiant Expands with Affordable Fares, Faces Challenges in Business Climate

Published Mon, Feb 12 2024 6:00 AM UTC

Allegiant Announces New Routes with Affordable Fares, Amidst Challenges in Business ClimateIn recent news, Allegiant Travel Company has revealed plans to introduce ten new nonstop routes to 14 cities across the United States, accompanied by one-way fares as low as $45n. This development comes as the airline aims to provide more low-cost travel options to popular destinations...

Allegiant Travel Co

Allegiant Travel Co Reports Notable Growth in the Second Financial Quarter of 2023

Bearish Article: Allegiant Travel Co Faces Headwinds Despite Moderate Growth
Allegiant Travel Co, a popular airline company, has recently reported an increase in revenue and profits in its most recent fiscal period. However, a closer analysis reveals some concerning trends that may pose challenges for the company in the future.
Despite revenue growth of 8.568% to $683.81 million compared to the prior year, Allegiant's top-line gain falls short of the industry average of 9.45% relative to Q2 of 2022. This suggests that the company is not performing as well as its competitors within the airline sector. Although revenue surged by 5.252% and EPS soared by 55.34% in Q1 compared to the previous year, the subsequent period's growth was significantly slower.

Allegiant Travel Co

Allegiant Travel Co Soars with a Whopping 37% Revenue Surge, Despite Dip in Profits

Allegiant Travel Co recently released its first quarter financial report for 2023. While the company's revenue rose by 37.519%, from $808 million to $1.09 billion, its net profit per share plummeted to $3.09 per share. This is compared to the $5.49 eps earned in the same period in 2022. Although Allegiant Travel Co experienced a decline in net profits, the company's revenue growth indicates that the airline is on track towards recovery.
In the same period in 2022, Allegiant Travel Co reported a net loss of $6.06 per share. The company's net profits of $56.149 million in the first quarter of 2023 marked a decrease of -40.91% from the previous year's corresponding period. This decline can be attributed to the challenges faced by the airline industry due to the COVID-19 pandemic.






 

Allegiant Travel Co's Segments
 
 
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